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SEBI Issues AI Cybersecurity Advisory Because Advanced AI Tools Increase Vulnerability

May 5, 2026 1599 Views 0 comment Print

SEBI warned that AI-driven tools like Mythos can rapidly identify and exploit cybersecurity weaknesses across the securities market ecosystem. The advisory mandates stronger monitoring, patch management, and coordinated cyber resilience measures for regulated entities.

Direct Tax Collections for F.Y. 2025-26 as on 31.03.2026

May 5, 2026 774 Views 0 comment Print

The data shows a steady increase in net direct tax collections driven by higher corporate and non-corporate tax revenues. It highlights improved tax realization and efficient revenue administration.

ICAI Releases Draft Auditor Panel for Co-operative Banks

May 5, 2026 19362 Views 0 comment Print

The issue involves publication of the draft panel for statutory auditor appointments. ICAI has released the list based on existing guidelines, allowing applicants to review and raise queries before finalization.

ICSI First Bi-Annual Eastern Region Convocation of Fy 2026-2027

May 5, 2026 807 Views 0 comment Print

The issue concerns eligibility and participation rules for the convocation. ICSI has clarified that members who do not attend will not be allowed in future convocations and will receive certificates by post.

Private Placement: No Penalty on Separate Bank Account Compliance

May 4, 2026 294 Views 0 comment Print

The issue involved alleged violation in handling share application money under company law. The ruling held that maintaining funds in a separate account ensured compliance, leading to penalty removal.

ROC Set Aside Penalty Due to Proof of Proper Use of Separate Bank Account for Share Money

May 4, 2026 270 Views 0 comment Print

The issue involved alleged misuse of share application funds under company law provisions. The authority ruled that compliance was established through proper bank account usage, leading to penalty removal.

Customs Relief Extended Due to Strait of Hormuz Disruptions Impacting Maritime Trade

May 4, 2026 576 Views 0 comment Print

The circular addresses continued trade challenges caused by maritime disruptions. The Board extended the validity of multiple facilitative circulars without altering existing conditions.

GIFT-IFSC Emerges as Global Treasury Hub Due to Regulatory Reforms

May 2, 2026 774 Views 0 comment Print

The conference examined how regulatory flexibility and tax incentives are transforming GIFT-IFSC into a global treasury hub. It highlights IFSCA’s framework enabling efficient cross-border financial operations.

India Deploys Mobile Alert System Due to Rising Need for Disaster Preparedness

May 2, 2026 1989 Views 0 comment Print

The initiative addresses delays in disaster communication across regions. The system enables instant, geo-targeted alerts using mobile networks. The key takeaway is improved public safety through faster emergency notifications.

Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2026

May 2, 2026 2886 Views 0 comment Print

The issue involved foreign investment limits in the insurance sector under FEMA regulations. The amendment allows up to 100% FDI under the automatic route, subject to regulatory compliance. The change aims to boost foreign participation while ensuring oversight.

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